ALSO READJPMorgan, Goldman to lead Dropbox in U.S. IPO - Bloomberg Bank of America net profit slumps on $2.9 billion tax charge, adjusted income beats Doubts over U.S. bank capital payouts may cloud strong earnings Dropbox files confidentially for U.S. IPO - source Goldman posts first quarterly loss in six years on tax hit; trading slumps
The fourth-biggest U.S. bank by assets said net income rose to $4.62 billion in the first quarter ended March 31, compared with $4.09 billion a year earlier.
Earnings per share rose to $1.68 from $1.35. Average shares outstanding declined 7 percent as the company bought back stock.
(Reporting by Sweta Singh in Bengaluru and David Henry in New York; Editing by Saumyadeb Chakrabarty)
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